30-Percent-of-Income on housing.

October 18th, 2014 at 03:11 am

Helo all,

I found a place that would allow be to pay less than the 30 percent rule of thumb for housing which will free up money and allow me to save more. I also stopped caring my debit cards to curb my spending. I also stop eating out even though we wasn't doing it too offen I love cooking at home every little decision count. I guess that all for now.

1 Responses to “30-Percent-of-Income on housing.”

Lowering rent is a good step, but you may have some short term extra expense caused by the move. Brilliant to leave your debit card in a safe place at home. Some of us keep cards like that in the fridge freezer, thieves never look in the bag/box or folder you keep bills paid or to be paid.

One help to save money is to drop change in a big jar. You'll be surprised how fast that adds up. I started my savings plan by paying myself first! Every pay, the first thing I did was take 10% of any sum and transferred it to a linked savings account. If you can find any extra , part time work, try to put 20% of that sum into savings to boost the balance.

If you will show your income and costs, perhaps we can offer suggestions to lower expenses and keep more money for yourself.

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